Ripple CEO Brad Garlinghouse wasted no time and congratulated the new President of the United States, Mr. Donald Trump, through a tweet. In the X post, it can be clearly seen how Garlinghouse addressed some serious issues with a dash of humor. He posted a list of things President Donald Trump should work upon during his first 100 days in the office. Firing Gary Gensler tops the list.
.@realDonaldTrump, Congratulations!
Some fodder for your first 100-day checklist to get things moving:
– Fire Gensler. Day 1, no delays.
– In his place, appoint Giancarlo, Brooks, or Gallagher – they’d be massive upgrades in rebuilding the rule of law (and reputation) at the…— Brad Garlinghouse (@bgarlinghouse) November 6, 2024
Ripple CEO urges Trump to Fire Gensler on Day 1
“Fire Gensler. Day 1, no delays,” Garlinghouse wrote, emphasizing that the agency needs change in the leadership without any further delay. Garlinghouse suggested replacing Gensler with Chris Giancarlo, Brian Brooks, and Dan Gallagher as they have openly expressed their pro-crypto stance, have enough amount of experience and are capable of restoring SEC’s reputation. With the pro-crypto stance, these candidates might help establish clear regulation guideline for the cryptocurrencies.
Push Forward the Digital Asset Market Structure Bill
Garlinghouse also urged Trump to host a dinner where Republicans and Democrats come together, putting aside their differences, to discuss and push forward Digital Asset Market Structure Bill which is still pending in the Senate. This bill is crucial for regulating digital assets as it aims to provide clarity and protection for investors in the market.
Clarity on ETH’s status
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In a final jab at the SEC, Garlinghouse seeks clarity around Ethereum’s status. “Similar to XRP and BTC, can we get some clarity that ETH is not a security, right?!” he asked, pointing out the need for uniform and clear regulatory guidelines.
The post sparked immediate reactions from the community with many praising Garlinghouse for his direct approach. As Ripple still continues to fight against the SEC in court, regulatory clarity remains top priority for Brad Garlinghouse and other crypto leaders as well.
Ripple CEO’s post to Donald Trump indicates the immediate need of clear regulatory reforms that could shape the future of digital assets in the United States.
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